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CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in

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CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing Department, during June: Percentage Complete Conversion Units 50,000 Materials 75% 30% 430,000 Work in process, beginning Started into production Completed and transferred out Work in process, ending 380,000 100,000 60% 40% Materials Conversion $ 45,500 $ 25,000 Work in process, beginning Costs added during June $425,500 $ 145,000 Required: Assume that the company uses the weighted average method. 1. Determine the equivalent units for June for the first process. 2. Compute the costs per equivalent unit for June for the first process. 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. 4. Prepare a report that reconciles the total costs assigned to the ending work in process inventory and the units transferred out with the costs in beginning inventory and costs added during the period

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